Suppose that an individual has a utility function of the form U
= Y½ where U is utility and Y is income.
                      
a)   Calculate the utility level for Y values of $10,000,
$40,000, $90,000, $160,000, and $250,000 and then plot the
individual’s total utility function.
                       
b)   This individual is currently earning $90,000 but has
a 50-50 chance of earning either $40,000 or $160,000 in a new
job.
                             
i)   Calculate the expected income and utility from the
new...